The less the demand,the it benefits the seller to raise the price.
A)elastic;less
B)concentrated;more
C)focused;more
D)elastic;more
E)constant;more

Question

Quizplus · Accepted Answer

When demand is elastic, a decrease in demand means that consumers are sensitive to price changes. Raising prices in such a scenario can lead to a significant drop in quantity demanded, which is not beneficial for the seller.

The Less the Demand,the It Benefits the Seller to Raise